China’s HNA Group, parent company of Hainan Airlines, has agreed to buy the Swissport ground and cargo handling company for CHF2.73 billion ($2.82 billion) from PAI Partners. Swissport will remain as a standalone business within the HNA Group, complementing its existing aviation, airport management, logistics and tourism activities. Swissport chairman Thomas Staehelin said the deal will “further strengthen our service offering and global network.” The transaction is ...

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